8-K
filed December 1, 2022, 6:59 PM ET
ticker CPB
CIK 0000016732
other material
confidence high
sentiment neutral
materiality 0.15
Campbell Soup shareholders approve all management proposals, reject shareholder proposals at 2022 annual meeting
CAMPBELL'S Co
- All 13 director nominees elected; approval ranges from 248M to 254M votes for each.
- Shareholders approved 2022 Long-Term Incentive Plan (249.8M for, 5.5M against).
- Ratification of PwC as fiscal 2023 auditor approved (258.5M for, 11.7M against).
- Advisory vote on FY2022 executive compensation passed (243.1M for, 12.2M against).
- Two shareholder proposals (supply chain report, 401(k) climate risk) rejected with ~85% against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm for Fiscal 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
The proposal to ratify the appointment of PricewaterhouseCoopers LLP as Campbell's independent registered public accounting firm for fiscal 2023 was approved. The votes cast for and against this proposal as well as the abstentions were as follows: For Against Abstain 258,498,049 11,672,987 278,271
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders approved Election of Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Management Proposals: 1. Election of Directors The nominees for election to the Board were elected, each until the next Annual Meeting of Shareholders or their earlier resignation or retirement. For each nominee, the votes cast for, against, abstentions, and broker non-votes were as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders rejected Supply Chain Practices Report.
- Outcome
- failed
Exact text from the filing
5. Supply Chain Practices Report A non-binding shareholder proposal requesting that the Company disclose an analysis of the practices in its supply chain that violate its Responsible Sourcing Supplier Code and/or Supply Base Requirements and Expectations Manual. The votes cast for and against this proposal as well as the abstentions and broker non-votes were as follows: For Against Abstain Broker Non-Votes 19,847,711 234,249,278 1,607,023 14,741,011
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders approved Advisory Vote on Fiscal 2022 Executive Compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
The resolution to approve, on an advisory basis, the compensation of Campbell's executive officers named in the proxy statement for the 2022 Annual Meeting of Shareholders was approved. The votes cast for and against this proposal as well as the abstentions and broker non-votes were as follows: For Against Abstain Broker Non-Votes 243,074,153 12,178,532 455,611 14,741,011
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders approved Approval of the Campbell Soup Company 2022 Long-Term Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
The proposal to approve the Campbell Soup Company 2022 Long-Term Incentive Plan was approved. The votes cast for and against this proposal as well as the abstentions and broker non-votes were as follows: For Against Abstain Broker Non-Votes 249,849,970 5,501,707 356,370 17,741,011
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
CAMPBELL'S Co shareholders rejected 401(k) Retirement Fund Investment Report.
- Outcome
- failed
Exact text from the filing
6. 401(k) Retirement Fund Investment Report A non-binding shareholder proposal requesting that the Board provide a report assessing how the Company’s 401(k) retirement funds manage the growing systemic risk to the economy created by investing retirement plan funds in companies contributing significantly to climate change. The votes cast for and against this proposal as well as the abstentions and broker non-votes were as follows: For Against Abstain Broker Non-Votes 21,321,005 221,216,776 13,169,507 14,741,011
View on SEC.gov
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